Comments on: Thing of Value

By: Baggins

Baggins — Fri, 23 Mar 2012 20:36:36 +0000

And that discipline is nothing more than basic education and a small fine most places. Sad but true. Beyond just a portal fee, improper bundling of appraiser and amc fees means every single discounting appraiser out there charging less than C&R rates is providing a thing of value without properly disclosing it. Everybody knows how to get amc orders; provide an appealing profit margin to the amc by reducing your fee beyond the competition. If that’s not producing a thing of value to attain work orders ahead of the next appraiser, I don’t know what is. How to get amc orders? Provide more appealing profit margins than the next guy, or at least get on board with the constant reduction fee schedules. Improper bundling of fees creates an ethical challenge. The amc and appraiser provide distinctly different services, and the fees should not be bundled or the distribution of fees concealed from consumers, lenders, or appraisers. The amc is an advocate of the client, the appraiser is not. Bundling of fees has imposed unethical advocacy based pressure on appraisers nationwide.

By: Appraiser

Appraiser — Fri, 16 Mar 2012 14:31:36 +0000

I guess I’m going to have to report AppraisalPort fees in my reports from now on. Comment states “In the certification and any transmittal letter”??? But we can’t modify the certification of the 1004 and 1073 and I don’t submit transmittal letter. So where should I disclose it?

By: Retired Appraiser

Retired Appraiser — Tue, 13 Mar 2012 13:12:51 +0000

Let’s be realistic here guys. How many of you are honestly going to disclose within your appraisal that paid an AMC $300 of a $500 appraisal fee to get the job?

If you are willing to do that feel free to call 1800 DUMBASK and register today for your free tatoo. We will gladly tatoo DUMBASK across your forehead for no expense.

Being desperate enough do such a thing is one thing. Be fool enough to admit it to the public however is an entirely different matter.

[Unfortunately, well over 50% of the appraisers out there today would qualify for this tatoo.]

By: Retired Appraiser

Retired Appraiser — Wed, 07 Mar 2012 15:59:01 +0000

$5 or $10? How about disclosing that they gave up 50% of their entire fee to an AMC in exchange for the order?

Runs contrary to the little concealment clause that most appraisers sign off on with AMCs.

By: fran

fran — Wed, 07 Mar 2012 15:54:52 +0000

So the mercury network fee is something that should be mentioned in a report?